OECD raises India inflation forecast to 5.1%
after close1 source ↓written by the desknot a recommendation
- inflation forecast
- 170 basis points
- 5.1%
- due to rising
- 6.1%
The OECD has raised India's FY27 inflation forecast by 170 basis points to 5.1%, citing the global energy crisis as a key driver. This may prompt the Reserve Bank of India to increase interest rates as early as April or June. Additionally, India's GDP growth forecast has been adjusted down to 6.1% due to rising energy costs.
Not investment advice. For informational purposes only.